QQQ Weekly Technical Analysis
Nasdaq-100 Index (Tech)
Invesco QQQ - Follows the Nasdaq-100 index, heavily weighted toward major technology companies.
QQQ Technical Analysis Summary
The long-term technical structure for QQQ remains bullish as the price holds well above the rising 50-week and 200-week moving averages. However, the short-term picture reflects a corrective phase, evidenced by the price closing below the 20-week SMA and a bearish MACD crossover. The RSI has reset to near-neutral levels (~51), suggesting the overbought condition has cleared, but finding support near the 590 level will be critical to resuming the uptrend. Failure to hold the immediate support could see a deeper test of the 50-week SMA.
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QQQ Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has closed below the 20-week SMA, and the MACD displays a confirmed bearish crossover with expanding negative histogram momentum.
Long-term Sentiment (weeks to months): Bullish
The primary trend remains upward with price action structurally above the rising 50-week and 200-week SMAs, despite the recent pullback.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-15T00:04:22.165Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $593.25 | $590.00 - $596.50 | Strong | Confluence of recent weekly lows and the lower Bollinger Band (591.27). |
| $562.50 | $560.00 - $565.00 | Strong | Dynamic support provided by the rising 50-week SMA (currently 561.71). |
| $505.00 | $500.00 - $510.00 | Weak | Previous major consolidation zone and breakout level from mid-trend. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $614.00 | $613.00 - $615.00 | Strong | Immediate resistance at the 20-week SMA (613.40). |
| $637.50 | $635.00 - $640.00 | Strong | Recent all-time high zone and upper Bollinger Band resistance. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Pullback / Consolidation | Neutral | N/A | Price is correcting from recent highs, moving from the upper Bollinger Band towards the lower band within a defined uptrend. |
| Strong | MACD Bearish Crossover | Bearish | N/A | The MACD line has crossed below the signal line with a negative histogram, indicating a shift in intermediate momentum. |
Frequently Asked Questions about QQQ
What is the current sentiment for QQQ?
The short-term sentiment for QQQ is currently Bearish because Price has closed below the 20-week SMA, and the MACD displays a confirmed bearish crossover with expanding negative histogram momentum.. The long-term trend is classified as Bullish.
What are the key support levels for QQQ?
StockDips.AI has identified key support levels for QQQ at $593.25 and $562.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is QQQ in a significant dip or a Value Dip right now?
QQQ has a Value Score of 68/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.